The sad truth of this recession is no one and no thing is being spared. Even booze sales are now officially down. Conventional wisdom says that "sins" like booze and cigarettes survive well during recessions as people try to chemically cope with a depressing reality. But this recession is proving a lot of people wrong.
Bloomberg reported yesterday that "take-out sales of alcoholic beverages tumbled 9.3 percent in the fourth quarter", the largest decline in fifty years of record keeping. The biggest bust? Surprisingly beer, down 14%. Wine was down 1.6% and liquor 0.9%. If you're into this sort of stuff, a handy chart at FiveThirtyEight.com shows the ups and downs of booze vis a vis GDP.
Bloomberg reported yesterday that "take-out sales of alcoholic beverages tumbled 9.3 percent in the fourth quarter", the largest decline in fifty years of record keeping. The biggest bust? Surprisingly beer, down 14%. Wine was down 1.6% and liquor 0.9%. If you're into this sort of stuff, a handy chart at FiveThirtyEight.com shows the ups and downs of booze vis a vis GDP.
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